- New conditions added for input tax inadmissibility
- Conditions restricting adjustment of input tax paid:
- Goods or services liable to specific or fixed rates
- Services taxed at a rate lower than 15%
- Goods used as inputs taxed at less than 18%
- Goods with barred input tax adjustment under Sales Tax Act, 1990
- Tax paid on services under Islamabad Capital Territory (Tax on Services) Ordinance, 2001
Source: assets.kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
